Price Target Update on Silver Standard Resources (NASDAQ:SSRI)

Silver Standard Resources (NASDAQ:SSRI) : Currently there are 2 street experts covering Silver Standard Resources (NASDAQ:SSRI) stock. The most bullish and bearish price target for the stock is $10 and $8 respectively for the short term. The average price target of all the analysts comes to $9.07. The estimated standard deviation from the target is $1.32.

Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm BMO Capital downgrades its rating on Silver Standard Resources (NASDAQ:SSRI). The rating major has initiated the coverage with market perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on November 4, 2015.

Silver Standard Resources (NASDAQ:SSRI): stock turned positive on Thursday. Though the stock opened at $11.41, the bulls momentum made the stock top out at $11.66 level for the day. The stock recorded a low of $11.34 and closed the trading day at $11.45, in the green by 0.17%. The total traded volume for the day was 2,120,091. The stock had closed at $11.43 in the previous days trading.

The company shares have rallied 76.12% from its 1 Year high price. On Jun 16, 2016, the shares registered one year high at $12.04 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $9.94 and the 200 Day Moving Average price is recorded at $6.84.

Silver Standard Resources Inc. is a resource company. The Company is focused on the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company operates through three segments: Pirquitas mine, Marigold mine, and Exploration and evaluation properties. As of February 18, 2015, the Company had two producing mines and a portfolio of silver resource dominant projects located throughout the Americas. The Company is primarily focused on silver production from the Pirquitas mine in Argentina, and gold production from the Marigold mine in Nevada, the United States. The Companys development projects include San Lius, Peru; Pitarrilla, Mexico, and Diablillos, Argentina. Its exploration projects consist of Berenguela, Peru; Candelaria, the United States; Maverick Springs, the United States; San Marcial, Mexico; Sunrise Lake, Canada, and Parral Mining District, Mexico.

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